Q1 revenues reached €3.6bn (+18% yoy) and the comparable operating profit amounted to €401m (vs. €204m in Q1 17), both beating consensus expectations. The strong operating figures were partially helped by the retroactive US Blender’s Tax Credit for FY 17 (€140m) and also the continuing strong operating profit from the Renewable products division. Outlook 2018: • Oil products: the reference margin is expected to be below the 2017 average in 2018, and annual produ
26 Apr 2018
Strong start to the year led by the renewables' solid margin
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Strong start to the year led by the renewables' solid margin
Neste Corporation (NESTE:HEL) | 0 0 0.5% | Mkt Cap: 14,943m
- Published:
26 Apr 2018 -
Author:
Jie Zhang -
Pages:
3
Q1 revenues reached €3.6bn (+18% yoy) and the comparable operating profit amounted to €401m (vs. €204m in Q1 17), both beating consensus expectations. The strong operating figures were partially helped by the retroactive US Blender’s Tax Credit for FY 17 (€140m) and also the continuing strong operating profit from the Renewable products division. Outlook 2018: • Oil products: the reference margin is expected to be below the 2017 average in 2018, and annual produ